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What You Missed This Week About Symbotic Inc (NASDAQ: SYM) Stock

Symbotic Inc (NASDAQ:SYM) price closed higher on Friday, February 09, jumping 46.71% below its previous close.

A look at the daily price movement shows that the last close reads $54.93. The company’s 5Y monthly beta was ticking 2.02. Taking into account the 52-week price action we note that the stock hit a 52-week high of $64.14 and 52-week low of $14.14. The stock added 8.93% on its value in the past month.

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Symbotic Inc, which has a market valuation of $24.85 billion, is expected to release its quarterly earnings report Feb 05, 2024. Analysts tracking SYM have forecast the quarterly EPS to shrink by -0.03 per share this quarter, while the same analysts predict the annual EPS to hit -$0.02 for the year 2024 and up to $0.48 for 2025. In this case, analysts estimate an annual EPS growth of 94.60% for the year and 2,500.00% for the next year.

On average, analysts have forecast the company’s revenue for the quarter will hit $410.76 million, with the likely lows of $379.54 million and highs of $420.1 million. Staying with the analyst view, there is a consensus estimate of $1.74 billion for the company’s annual revenue in 2024. Per this projection, the revenue is forecast to grow 48.00% above that which the company brought in 2024.

Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with 1 upward and no downward reviews. On the technical perspective front, indicators give SYM a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

The overview shows that SYM’s price is at present 28.86% off the SMA20 and 78.59% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 53.09, with weekly volatility standing at 11.30%. The indicator jumps to 7.11% when calculated based on the past 30 days. Symbotic Inc (NASDAQ:SYM)’s beta value is holding at 1.99, while the average true range (ATR) indicator is currently reading 3.94.

An analysis of the Symbotic Inc (NASDAQ:SYM) stock in terms of its daily trading volume indicates that the 3-month average is 1.69. However, this figure increases on the past 10-day timeline to an average of 2.92 million.

Current records show that the company has 82.11M in outstanding shares. The insiders’ percentage holdings are 77.72% of outstanding shares while the percentage share held by institutions stands at 14.45%. The stats also highlight that short interest as of Jan 31, 2024, stood at 8.59 million shares, which puts the short ratio at the time at 7.14. From this we can glean that short interest is 10.08% of company’s current outstanding shares. Notably, we see that shares short in January rose slightly given the previous month’s figure stood at 8.42 million. But the -9.00% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.